Petrogress (PGAS) 10-K 21 Jun 21 2020 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	May 31, 2021	Jun. 30, 2020
Document Information [Line Items]
Entity Registrant Name	Petrogress, Inc.
Entity Central Index Key	0001558465
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		35,152,658
Entity Public Float			$ 480,362
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(g) Security	Common Stock, par value $0.001

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income / (Loss) (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Other revenues	$ 797,732	$ 20,630
Total Revenues	8,628,501	15,961,220
Costs and other Deductions:
Costs of goods sold	(5,083,522)	(13,431,020)
Gross profit	3,544,979	2,530,200
Operating expenses:
Corporate expenses	(1,104,887)	(362,993)
Operating expenses of commodities trade	(841,631)
Fleet operating expenses	(3,494,302)
General and administrative expenses	(903,998)	(2,899,482)
Write-offs of accounts receivable	(75,694)	0
Amortization expense	32,683	(6,619)
Depreciation expense	(624,435)	(914,748)
Total operating expenses	(7,012,264)	(4,183,842)
Operating income / (loss) before other expenses and income tax	(3,467,285)	(1,653,642)
Other Income / (expense), net:
Interest and finance expenses	(70,143)	(217,100)
Amortization of note discount	(174,292)	(166,197)
Change in fair market value of derivative liabilities	740,368	(294,083)
Other income / (expense), net	(113,664)	(653,659)
Total other income / (expense), net	382,269	(1,331,039)
Net income / (loss)	(3,085,016)	(2,984,681)
Net income / (loss) attributable to:
Shareholders of the Company	(3,085,016)	(2,950,515)
Non-controlling interests		(34,166)
Comprehensive income / (loss)	(3,085,016)	(2,984,681)
Comprehensive income / (loss) attributable to:
Shareholders of the Company	(3,085,016)	(2,950,515)
Non-controlling interests		$ (34,166)
Weighted average number of common shares outstanding
Denominator for basic net income per share – weighted average shares (in shares)	15,109,587	3,953,461
Diluted (in shares)	0	0
Basic net earnings per share (in dollars per share)	$ (0.20)	$ (0.75)
Diluted net earnings per share (in dollars per share)
Crude Oil Sales [Member]
Revenues:
Revenues	$ 1,575,490	$ 13,983,090
Costs and other Deductions:
Costs of goods sold	(1,819,636)	(12,381,020)
Gas Oil Sales [Member]
Revenues:
Revenues	1,318,000	1,416,000
Costs and other Deductions:
Costs of goods sold	(1,120,400)	(1,050,000)
Lubricants [Member]
Revenues:
Revenues	202,016
Freights and Hires [Member]
Revenues:
Revenues	4,735,263	541,500
Costs and other Deductions:
Costs of goods sold	(187,516)
Charter-hire Expenses for Vessels [Member]
Costs and other Deductions:
Costs of goods sold	$ (1,955,970)

Consolidated Balance Sheet (Una

Consolidated Balance Sheet (Unaudited) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 276,035	$ 391,360
Accounts receivable, net	2,136,790	2,011,430
Claims receivable, net	565,023	478,500
Inventories	903,036	1,206,612
Prepaid expenses and other current assets	1,428,407	3,143,221
Total current assets	5,309,291	7,231,123
Non-Current Assets
Goodwill		900,000
Contract-related licensing agreements	258,747
Right of use assets	669,065
Vessels and other fixed assets, net	3,829,714	4,249,763
Deferred charges, net	1,534	15,629
Security deposit	13,033	10,584
Total non-current assets	4,772,093	5,175,976
Total Assets	10,081,384	12,407,099
Current Liabilities
Accounts payable and accrued expenses	2,000,721	1,402,198
Due to related party	695,321	1,271,450
Loan facility from related party	169,407	148,900
Accrued interest	16,682	23,636
Lease liabilities current	12,704
Convertible promissory notes	328,049	237,197
Derivative liabilities		809,877
Total current liabilities	3,222,884	3,893,258
Non-Current Liabilities
Lease liabilities	720,855
Total liabilities	3,943,739	3,893,258
Commitments and Contingencies
Shareholders’ equity:
Shares of Common stock, $0.001 par value, 100,000,000 shares authorized, 35,151,058 and 4,446,645 shares issued and outstanding as of December 31, 2020 and December 31, 2019	35,151	4,447
Additional paid-in capital	10,561,797	10,073,810
Accumulated comprehensive loss	(15,552)	(9,763)
Retained earnings	(4,453,751)	(1,634,645)
Equity attributable to Shareholders of the Company	6,137,645	8,443,849
Non-controlling interests		69,992
Total liabilities and shareholders’ equity	10,081,384	12,407,099
Series A Preferred Stock [Member]
Shareholders’ equity:
Series A Preferred shares, $100 par value, 100 shares authorized, 100 and 0 shares issued and outstanding as of December 31, 2020 and December 31, 2019	$ 10,000	$ 10,000

Consolidated Balance Sheet (U_2

Consolidated Balance Sheet (Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	35,151,058	4,446,645
Common stock, shares outstanding (in shares)	35,151,058	4,446,645
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	100	100
Preferred stock, shares issued (in shares)	100	0
Preferred stock, shares outstanding (in shares)	100	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES
Net income / (loss)	$ (3,085,016)	$ (2,984,681)
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:
Depreciation expense	624,435	914,748
Change in fair value of derivative liabilities	(740,368)	294,083
Share-based compensation expense	1,566,533	583,674
Loss on disposition of fixed assets		16,331
Amortization of discount on convertible note	21,343	(77,606)
Amount of derivative in excess of face value of PCN		349,597
Elimination of PGAS Africa APIC	(671,924)	(43,940)
Changes in working capital
(Increase) / Decrease in Accounts receivable, net	(125,360)	2,768,002
(Increase) / Decrease in Claims receivable, net	(86,523)	69,100
(Increase) / Decrease in Inventories	303,576	(789,477)
(Increase) / Decrease in Amounts due from related party	720,000
(Increase) / Decrease in Prepaid expenses	1,714,814	(1,377,945)
Increase / (Decrease) in Accounts payable and accrued expenses	598,523	136,746
Increase / (Decrease) in Amounts due to related party	(576,129)	(246,863)
Increase / (Decrease) in Accrued interest	13,553	14,892
Increase / (Decrease) in Lease liabilities	733,559
(Increase) / Decrease in Security deposit	(2,449)	54
(Increase) / Decrease in Deferred charges, net	14,095	11,121
CASH USED IN OPERATING ACTIVITIES	1,022,662	(362,164)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(221,151)	(109,936)
Purchase of vessels and other equipment – related party facility		(341,450)
Purchase of vessels and other equipment		(278,550)
Acquisition of intangible assets	(927,812)
CASH USED IN INVESTING ACTIVITIES	(1,132,198)	(729,936)
Proceeds from convertible promissory notes		481,000
Proceeds from advances from related party		341,450
CASH PROVIDED BY FINANCING ACTIVITIES		822,450
Effects of exchange rate changes	(5,789)
NET DECREASE IN CASH	(115,325)	(269,650)
CASH AT BEGINNING OF YEAR	391,360	661,010
CASH AT YEAR END	276,035	391,360
Petrogress Africa Co. Ltd. [Member]
CASH FLOWS FROM INVESTING ACTIVITIES
Elimination of PGAS Africa fixed assets	$ 16,765

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2018	100	3,828,412
Balance at Dec. 31, 2018	$ 10,000	$ 3,829	$ 9,535,161	$ (10,231)	$ 1,315,870	$ 10,854,629	$ 104,159	$ 10,958,788
Common stock issued as commitment (in shares)		35,000
Common stock issued as commitment		$ 35	76,965			77,000		77,000
Common stock issued to settle liabilities (in shares)		43,071
Common stock issued to settle liabilities		$ 43	86,291			86,334		86,334
Common stock issued for services (in shares)		540,162
Common stock issued for services		$ 540	419,801			420,341		420,341
Elimination of PGAF Ltd. APIC			(44,408)	468		(43,940)		(43,940)
Net income / (loss)					(2,950,515)	(2,950,515)	(34,166)	(2,984,681)
Balance (in shares) at Dec. 31, 2019	100	4,446,645
Balance at Dec. 31, 2019	$ 10,000	$ 4,447	10,073,810	(9,763)	(1,634,645)	8,443,849	69,993	8,513,841
Common stock issued to settle liabilities		13,837	493,752			507,589		507,589
Elimination of PGAF Ltd. APIC			(1,047,842)		265,910	(781,932)	(69,992)	(851,924)
Net income / (loss)					(3,085,016)	(3,085,016)		(3,085,016)
Shares issued based on convertible notes (in shares)		16,485,589
Shares issued based on convertible notes		$ 16,486	1,027,619			1,044,105		1,044,105
Shares issued based on compensations (in shares)		381,750
Shares issued based on compensations		$ 381	14,458			14,839		14,839
Shares issued for liabilities settlement (in shares)		13,837,075
Foreign currency translation adjustment				(5,789)		(5,789)		(5,789)
Balance (in shares) at Dec. 31, 2020	100	35,151,058
Balance at Dec. 31, 2020	$ 10,000	$ 35,151	$ 10,561,797	$ (15,552)	$ (4,453,751)	$ 6,137,645		$ 6,137,645

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 1 Summary of Significant Accounting Policies We are an integrate energy company, engaged in the upstream, downstream and midstream segments. The company operates Internationally through its wholly owned subsidiaries "Petrogress Int'l LLC.", "Petronav Carriers LLC.". The company also provides sea-transportation services -as an independent established Maritime Company- by our tankers fleet. Since last year, the company entered into the retailing market by operating a number of Gas-filling stations in Greece. The company is registered in Delaware and headquartered from Piraeus-Greece. General; December 31. Impact of the novel coronavirus (COVID- 19 19 third 2020, second 19 nine 19 Basis of Presentation; not 12 Use of Estimates: not Subsidiaries and Affiliated Companies; 50 All significant intercompany transactions and accounts have been eliminated. Principles of consolidation; Inter-company transaction balances and unrealized gains/(losses) on transactions between the companies are eliminated. Our significant subsidiaries are listed below: Subsidiaries & Affiliates Incorporation Percentage Participation Petrogress Int'l LLC. (PIL) Delaware 100% (owned to PGI) Petronav Carriers LLC. (PCL) Delaware 100% (owned to PGI) Petrogress (Hellas) Co. (PGH) Greece 100% (owned to PIL) Notes to the Consolidated Financial Statements Non-controlling interests; Fair Value Measurements; three 5 Derivatives and Financial Instruments; Inventories; first first Cash and Cash Equivalents; three not Currency Translation; Revenue Recognition; 606, sixty ninety The company accounts for delivery sea- transportation as a fulfilment cost, not third Revenue is measured as the amount the company expects to receive in exchange for transferring commodities to customer. The company's commodity sales are typically based on prevailing market-based prices and may not Prior to the adoption of ASC 606 January 1, 2018, Prepaid Expenses; Fixed Assets; Depreciation; 10 Vessels and properties held for sale; one not Notes to the Consolidated Financial Statements Accounting for Special Survey and Drydocking Costs; Vessel Operating Expenses; Repairs and Maintenance; Segment Reporting; Going Concern; one Stock Options and Other Share-Based Compensation; Emerging Growth Company; 2012, 107 7 2

Note 2 - New Accounting Standar

Note 2 - New Accounting Standards	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	Note 2 New Accounting Standards Leases (Topic 842 January 1, 2019, 2016 02 December 31, 2019, 842 not February 2020, first 2020. 3

Note 3 - Lease Commitments

Note 3 - Lease Commitments	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 3 Lease Commitments Petrogress implemented the new lease standard at the effective date of January 1, 2019. one The company enters into lease arrangements through its subsidiaries as a lessee in two The lease term includes the committed lease term identified in the contract, taking into account renewal and termination options that management is reasonably to exercise; The below table presents the company's leases arrangements and liabilities for an aggregate period of the next 2 15 Lease location Lessee Period: Jan. 01, 2021 to Dec. 31, 2035 Lease Amount Piraeus (Greece) office Petrogres (Hellas) Co. 24 months $ 68,000 Gas Station – EOS Areopolis (#1) Petrogres (Hellas) Co. 15 years 180,000 Gas Station – PGAS Areopolis (#2) Petrogres (Hellas) Co. 15 years 360,000 Total Lease cost $ 608,000

Note 4 - Summarized Financial D

Note 4 - Summarized Financial Data - Petrogress Inc.	12 Months Ended
	Dec. 31, 2020
Petrogress Int'l LLC [Member]
Notes to Financial Statements
Condensed Financial Statements [Text Block]	Note 4 Summarized Financial Data – Petrogress, Inc. Petrogress Int'l LLC. (PIL) is a major subsidiary of Petrogress, Inc. PGI, through its affiliates manage and operate most of Petrogress business. The summarized financial information for Petrogress, Inc., and its consolidated subsidiaries is as follows: 2020 2019 Sales and other operating revenues $ 8,628,501 $ 15,961,220 Total cost and other deductions (11,713,517 ) (18,945,901 ) Net income / (loss) attributable to Shareholders $ (3,085,016 ) $ (2,950,515 )

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	Note 5 Fair Value Measurements Our financial instruments consist primarily of cash, accounts receivable, accounts payable and accrued expenses, and convertible debt as at December 31, 2020 December 31, 2019. Interest rate risk is the risk that our earnings are subject to fluctuations in interest rates on either investments or on debt. We do not Financial risk is the risk that our earnings are subject to fluctuations in interest rates or foreign exchange rates. We do not Marketable Securities; Derivatives; Fair value measurements are determined under a three not The highest priority is given to unadjusted quoted prices in active markets for identical assets (Level 1 3 The three ● Level 1 ● Level 2 not ● Level 3 Credit risk adjustments are applied to reflect the Company's own credit risk when valuing all liabilities measured at fair value. The methodology is consistent with that applied in developing counterparty credit risk adjustments but incorporates the Company's own credit risk as observed in the credit default swap market. Financial instruments measured at fair value on a recurring basis are summarized as follows: At December 31, 2020 At December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivatives Fair value $ - $ - $ - $ - $ - $ - $ 809,877 $ 809,877 Total Liabilities $ - $ - $ - $ - $ - $ - $ 809,877 $ 809,877

Note 6 - Financial and Derivati

Note 6 - Financial and Derivative Instruments	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	Note 6 Financial and Derivative Instruments Financial Instruments; December 31, 2020 2019. $174,292 $166,197 December 31, 2020 2019, $740,368 $294,083, December 31, 2020 2019, December 31, 2020, 2019, $0 $809,877, Credit Risk Concentrations;

Note 7 - Accounting for Equity-

Note 7 - Accounting for Equity-based Payments	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Compensation Related Costs, General [Text Block]	Note 7 Accounting for Equity-based Payments We account for stock awards issued to non-employees in accordance with ASC 505 50, Equity-Based Payments to Non-Employees 2018/17 1 2

Note 8 - Earnings (Loss) Per Sh

Note 8 - Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 8 Earnings (Loss) per Share In accordance with ASC Topic 260, As of December 31, 2020, 2019, 15,109,587 3,953,461, December 31, 2020 2019, no The table below presents the Earnings per Share calculations for the years ended December 31, 2020 2019: Basic EPS Calculation 2020 2019 Net income attributable to common shareholders $ (3,085,016 ) $ (2,950,515 ) Denominator for basic net income per share – weighted average shares 15,109,587 3,953,461 Conversion of accrued interest on debt held by related party - - Denominator for diluted net income per share - - Basic net earnings per share (0.20 ) (0.75 ) Diluted net earnings per share - -

Note 9 - Operating Segments & G

Note 9 - Operating Segments & Geographic Presence	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 9 Operating Segments & Geographic presence Although each subsidiary of Petrogress is responsible for its own affairs, Petrogress manages the operations in these subsidiaries and affiliates. The operations are grouped into three 1, The company's primary country of operation is Greece, its head operating location. Most of our marketing, sales, ship-management and other related functions are performed at our main office in Piraeus. The company evaluate the performance of its operating earnings based on its major's subsidiaries and goods sales. (a) Earnings by major operating subsidiaries and their trading areas are presented in the following table: Year Ended December 31, Operating Subsidiaries (1) 2020 2019 ● Petrogress Int'l LLC. (Internationally) $ 3,095,506 $ 15,344,924 ● Petronav Carriers LLC. (Internationally) 5,495,878 989,319 ● Petrogres Africa Co. Ltd (Nationally - Ghana) - 936,000 ● Petrogres (Hellas) Co. (Nationally - Greece) 149,617 109,500 Totals $ 8,741,001 $ 17,379,737 (b) Earnings by products and other services are presented in the following table: Year Ended December 31, Sales volumes per product & service (2) 2020 2019 ● Crude oil $ 1,575,490 $ 13,983,090 ● Gas oil 1,318,000 2,136,000 ● Lubricants 202,016 90,834 ● Vessels' hires & freights 4,735,263 989,313 ● Others 910,232 180,500 Totals $ 8,741,001 $ 17,379,737 ( 1 Amounts of revenue transactions before intercompany eliminations ( 2 Amounts of products transferred before intercompany eliminations Segment Information; two ● C & O – stores, distributed and markets crude oil, Gas Oil, and refined petroleum products. Also includes retailing sales of its gas stations and rest areas, terminals, and refined logistics. ● H & F – marine transportations, transports, and marine service. The tables below present information about revenues and other income, capital expenditures in unconsolidated affiliates for the years ended December 31, 2020 2019: Year Ended December 31, C&O 2020 2019 Revenues from Crude oil, Gas oil and lubricants sales $ 3,095,506 $ 15,399,090 Other Revenues 797,732 20,630 Total Revenues 3,893,238 15,419,720 Segment Adjusted EBITDA (1,124,951 ) (3,145,868 ) Net income / (loss) attributable to: Shareholders of the Company (1,124,951 ) (3,112,862 ) Non-controlling interests - (33,007 ) Notes to the Consolidated Financial Statements Year Ended December 31, F&H 2020 2019 Revenues from freights & hires $ 4,735,263 $ 541,500 Total Revenues 4,735,263 541,500 Segment Adjusted EBITDA (1,368,255 ) 361,187 Net income / (loss) attributable to: Shareholders of the Company (1,368,255 ) 362,347 Non-controlling interests - (1,159 ) Year Ended December 31, Disaggregation of Revenues 2020 2019 Revenues from commodities sales $ 3,095,506 $ 15,399,090 Revenues from freights & hires 4,735,263 541,500 Other Revenues 797,732 20,630 Total Revenues 8,628,501 15,961,220 Accounts Receivable, net; not The table below sets forth Accounts Receivable, net of the Company for the years ended December 31, 2020 December31, 2019: Year Ended December 31, Receivables 2020 2019 Receivables from commodities and hires sales $ 2,088,700 $ 2,085,838 Less: Provision for doubtful accounts - (130,550 ) Sales receivables, net 2,088,700 1,955,288 Other receivables 48,090 56,142 Accounts receivable, net $ 2,136,790 $ 2,011,430 As of December 31, 2020, 2019, $0 $130,550 As of December 31, 2020, 2019, $75,694 $0, Accounts payable and Accrued Expenses; December 31, 2020 2019 Year Ended December 31, Accounts payable and Accrued Expenses 2020 2019 Service providers $ 69,953 $ 439,448 Wages and Bonuses 1,269,735 874,470 Oil Suppliers - 38,307 Vendors and Suppliers 661,033 49,973 Totals $ 2,000,721 $ 1,402,198 Notes to the Consolidated Financial Statements

Note 10 - Prepaid Expenses and

Note 10 - Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Prepaid Expenses and Other Current Assets [Text Block]	Note 10 Prepaid expenses and other current assets The table below shows the company's prepaid expenses and other current assets as of December 31, 2020 2019: Year Ended December 31, Prepaid expenses and other current assets 2020 2019 Salt-pond oil field and oil rig Platform “AGK-1” Petrogress Africa Ltd. $ - $ 460,000 Oil Suppliers, Vendors & Various Petrogress Africa Ltd. - 277,621 Salt-pond oil field and oil rig Platform “AGK-1” Petrogress Int'l LLC. 460,000 - Oil Suppliers, Vendors & Various Petrogress Int'l LLC. 857,623 2,318,986 Service Providers Petrogress, Inc. 21,852 17,940 Service Providers Petrogres (Hellas) Co. 49,613 19 Others Petronav Carriers LLC. 39,319 68,655 Totals $ 1,428,407 $ 3,143,221 Oil suppliers, Vendors & Various; $1,317,623

Note 11 - Litigation

Note 11 - Litigation	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	Note 11 Litigation There are currently no

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 12 Income Taxes We file income tax returns in various jurisdictions, as appropriate and required. The Company was not January 1, 2012. We account for income taxes in accordance with Financial Accounting Standards Board's (“FASB”) Accounting Standards Codification (“ASC”) 740 10, Income Taxes not not 740 10 not We measure and record uncertain tax positions by establishing a threshold for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Only tax positions meeting the more-likely-than- not may 2011 Hellenic Federal Income Tax Considerations; 4646/2019, 24%. Marshall Islands Tax Considerations; not, not not not During the years ended December 31, 2020 2019, 21% Year Ended December 31, 2020 2019 Income tax / (expense) benefit at statutory federal rates $ $ 9,487 Permanent differences - - Increase / (decrease) in valuation allowance (9,487 ) Income tax expense / (benefit) at Company s effective tax rate $ $ - At December 31, 2020, $3,014,668, may no may not 2040. Notes to the Consolidated Financial Statements

Note 13 - Properties, Vessels a

Note 13 - Properties, Vessels and Equipment	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Properties, Vessels, Inventories & Equipment [Text Block]	Note 13 Properties, Vessels and Equipment Vessels and others fixed assets, net; 10 Tanker Vessels & service boats (in years) 10 - years Fenders & oil hoses (in years) 10 - years Vehicles & trucks (in years) 10 - years Office equipment and furniture (in years) 10 - years Computer hardware (in years) 5 - years Vessels and other fixed assets, net consisted of the following as of December 31, 2020 December 31, 2019: December 31, 2020 December 31, 2019 Estimated useful Life left (years) Vessels purchased cost $ 10,888,423 $ 10,888,423 3 Furniture and equipment 387,150 182,764 5 Accumulated depreciation (7,445,859 ) (6,821,424 ) Vessels and other fixed assets, net $ 3,829,714 $ 4,249,763 * Depreciation for the years ended December 31, 2020 2019, $624,435 $914,748, Inventories; December 31, 2020 December 31, 2019: Commodities and Petroproducts Inventories December 31, 2020 December 31, 2019 Crude Oil $ 570,000 $ - Gas Oil - 1,039,020 Lubricants 68,661 59,479 Vessels Inventories & Others Bunkers R.O.B. (unconsumed fuels on board) 253,936 108,113 Lubricants, provisions and spare-parts 10,439 68,473 Total $ 903,036 $ 1,275,085

Note 14 - Shareholders Equity,

Note 14 - Shareholders Equity, Stock Options and Other Compensations	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 14 Shareholders Equity, Stock options and other compensations Common Stock; January 2020, 180,556 On March 12, 2020, 1,000 four In March 2020, 170,000 In April 2020, 440,000 In May 2020, 463,500 In June 2020, 2,131,861 On July 2, 2020, 750 three On July 15, 2020, 230,000 $3,500. In July 2020, 8,189,008 On August 2020, 7,372,973 On August 17, 2020, 150,000 $36,500. In September 2020, 1,948,800 In October 2020, 3,967,604 In November 2020, 1,456,665 In December 2020, 4,001,696 Preferred stock; July 9, 2018, 10,000,000 1,000,000. July 18, 2018. no

Note 15 - Unregistered Sales of

Note 15 - Unregistered Sales of Equity Securities and Use of Proceeds	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Sales of Equity Securities [Text Block]	Note 15 Unregistered Sales of Equity Securities and Use of Proceeds On November, 2020, 8% $165,000. 8% $15,000 180 25% The issuance of the 8% 1933, 4 2

Note 16 - Loan Facility From Re

Note 16 - Loan Facility From Related Party	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Note Payable to Stockholder Disclosure [Text Block]	Note 16 Loan Facility from Related Party On July 13, 2017, $1,000,000 The LOC Note bears interest payable on the outstanding principal at eight 8% six 6 may may $0.001 December 31, 2020 not Except in the event of a default, in no may ten 10% Cash and other contributions made by Christos Traios up to the year ended December 31, 2020, Balance December 31, 2018 297,400 New amounts lent to the Company by Christos Traios 126,500 Amount converted to common shares February 23, 2018 (275,000 ) Balance December 31, 2019 148,900 Capitalized interest for 2020 20,507 Balance December 31, 2020 $ 169,407

Note 17 - Related Party Capital

Note 17 - Related Party Capital Transactions	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 17 Related Party Capital Transactions During the year ended December 31, 2019, $311,300, $30,150

Note 18 - Wages Due to Related

Note 18 - Wages Due to Related Party from the Company and its Subsidiaries	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Related Party Transactions Disclosure, Wages Due from Company and Subsidiaries [Text Block]	Note 18 Wages due to Related Party from the Company and its Subsidiaries The table below presents the wages due to Christos Traios from his service to the company and its significant subsidiaries at year ended December 31, 2020: December 31, 2020 Petrogress, Inc. $ 430,000 Petrogress Int'l LLC. 574,717 Petronav Carriers LLC. 198,000 Petrogres (Hellas) Co. 52,671 Total outstanding wages to Christos Traios as at December 31, 2020 $ 1,255,388

Note 19 - Commitments and Conti

Note 19 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 19 Commitments and Contingencies The Company is not no

Note 20 - Revenues

Note 20 - Revenues	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 20 Revenues Revenue from contracts with customers is presented in “Sales and other operating revenue”. Purchases and sales are combined and recorded on a net basis and reported in “purchased crude oil” on the Consolidated Statement of Income. For disaggregation disclosure see Note 9 42 Receivables related to revenue from customers are included in “Accounts receivable, net” on the Consolidated Balance Sheet. The net balance of these receivables was $2,136,790 $2,011,430 December 31, 2020 December 31, 2019,

Note 21 - Claims Receivable

Note 21 - Claims Receivable	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Claims Receivable [Text Block]	Note 21 Claims receivable As at December 31, 2020 2019, $565,023 $478,500,

Note 22 - Other Information

Note 22 - Other Information	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Other Information [Text Block]	Note 22 Other Information On April 1, 2021, July 1, 2021.

Note 23 - Going Concern - Subst

Note 23 - Going Concern - Substantial Doubt	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	Note 23 Going Concern - Substantial Doubt The management of the Company assesses the Company's ability to continue as a going concern at each period end. The assessments evaluate whether there are conditions that give rise to substantial doubt to continue as a going concern within one On the ground of management evaluation and consideration for the next period of twelve no not The coronavirus pandemic has imposed the continuing lockdown of the Company's office in Greece, and the majority of its operations ceased. While our employees, vessel's crew and labors are staying at their homes and our fleet still remains idle. Furthermore, the Covid- 19 may not 19 In of that said and under the present circumstances we believe that our incomes undoubtedly will be heavily affected during the next year, and that raises substantial doubt for the company's ability to continue its business unless the company succeed to raise extra cash financing in the near future.

Note 24 - Subsequent Events

Note 24 - Subsequent Events	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	Note 24 Subsequent Events During February March 2020, June – July 2021.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Effect of Covid-19 Pandemic, Policy [Policy Text Block]	Impact of the novel coronavirus (COVID- 19 19 third 2020, second 19 nine 19
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation; not 12
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: not
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Subsidiaries and Affiliated Companies; 50 All significant intercompany transactions and accounts have been eliminated.
Consolidation, Policy [Policy Text Block]	Principles of consolidation; Inter-company transaction balances and unrealized gains/(losses) on transactions between the companies are eliminated. Our significant subsidiaries are listed below: Subsidiaries & Affiliates Incorporation Percentage Participation Petrogress Int'l LLC. (PIL) Delaware 100% (owned to PGI) Petronav Carriers LLC. (PCL) Delaware 100% (owned to PGI) Petrogress (Hellas) Co. (PGH) Greece 100% (owned to PIL) Non-controlling interests;
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements; three 5
Derivatives, Policy [Policy Text Block]	Derivatives and Financial Instruments;
Inventory, Policy [Policy Text Block]	Inventories; first first
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents; three not
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Currency Translation;
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition; 606, sixty ninety The company accounts for delivery sea- transportation as a fulfilment cost, not third Revenue is measured as the amount the company expects to receive in exchange for transferring commodities to customer. The company's commodity sales are typically based on prevailing market-based prices and may not Prior to the adoption of ASC 606 January 1, 2018,
Prepaid Expenses [Policy Text Block]	Prepaid Expenses;
Property, Plant and Equipment, Policy [Policy Text Block]	Fixed Assets;
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation; 10
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Vessels and properties held for sale; one not
Accounting for Special Survey and Drydocking Costs [Policy Text Block]	Accounting for Special Survey and Drydocking Costs;
Vessel Operating Expenses [Policy Text Block]	Vessel Operating Expenses;
Maintenance Cost, Policy [Policy Text Block]	Repairs and Maintenance;
Segment Reporting, Policy [Policy Text Block]	Segment Reporting;
Substantial Doubt about Going Concern [Policy Text Block]	Going Concern; one
Share-based Payment Arrangement [Policy Text Block]	Stock Options and Other Share-Based Compensation;
Emerging Growth Company [Policy Text Block]	Emerging Growth Company; 2012, 107 7 2

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Percentages Participation in Subsidiaries [Table Text Block]	Subsidiaries & Affiliates Incorporation Percentage Participation Petrogress Int'l LLC. (PIL) Delaware 100% (owned to PGI) Petronav Carriers LLC. (PCL) Delaware 100% (owned to PGI) Petrogress (Hellas) Co. (PGH) Greece 100% (owned to PIL)

Note 3 - Lease Commitments (Tab

Note 3 - Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Lessee, Operating Lease, Disclosure [Table Text Block]	Lease location Lessee Period: Jan. 01, 2021 to Dec. 31, 2035 Lease Amount Piraeus (Greece) office Petrogres (Hellas) Co. 24 months $ 68,000 Gas Station – EOS Areopolis (#1) Petrogres (Hellas) Co. 15 years 180,000 Gas Station – PGAS Areopolis (#2) Petrogres (Hellas) Co. 15 years 360,000 Total Lease cost $ 608,000

Note 4 - Summarized Financial_2

Note 4 - Summarized Financial Data - Petrogress Inc. (Tables)	12 Months Ended
	Dec. 31, 2020
Petrogress Int'l LLC [Member]
Notes Tables
Condensed Financial Statements [Table Text Block]	2020 2019 Sales and other operating revenues $ 8,628,501 $ 15,961,220 Total cost and other deductions (11,713,517 ) (18,945,901 ) Net income / (loss) attributable to Shareholders $ (3,085,016 ) $ (2,950,515 )

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	At December 31, 2020 At December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivatives Fair value $ - $ - $ - $ - $ - $ - $ 809,877 $ 809,877 Total Liabilities $ - $ - $ - $ - $ - $ - $ 809,877 $ 809,877

Note 8 - Earnings (Loss) Per _2

Note 8 - Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Basic EPS Calculation 2020 2019 Net income attributable to common shareholders $ (3,085,016 ) $ (2,950,515 ) Denominator for basic net income per share – weighted average shares 15,109,587 3,953,461 Conversion of accrued interest on debt held by related party - - Denominator for diluted net income per share - - Basic net earnings per share (0.20 ) (0.75 ) Diluted net earnings per share - -

Note 9 - Operating Segments &_2

Note 9 - Operating Segments & Geographic Presence (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, Operating Subsidiaries (1) 2020 2019 ● Petrogress Int'l LLC. (Internationally) $ 3,095,506 $ 15,344,924 ● Petronav Carriers LLC. (Internationally) 5,495,878 989,319 ● Petrogres Africa Co. Ltd (Nationally - Ghana) - 936,000 ● Petrogres (Hellas) Co. (Nationally - Greece) 149,617 109,500 Totals $ 8,741,001 $ 17,379,737 Year Ended December 31, Sales volumes per product & service (2) 2020 2019 ● Crude oil $ 1,575,490 $ 13,983,090 ● Gas oil 1,318,000 2,136,000 ● Lubricants 202,016 90,834 ● Vessels' hires & freights 4,735,263 989,313 ● Others 910,232 180,500 Totals $ 8,741,001 $ 17,379,737
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, C&O 2020 2019 Revenues from Crude oil, Gas oil and lubricants sales $ 3,095,506 $ 15,399,090 Other Revenues 797,732 20,630 Total Revenues 3,893,238 15,419,720 Segment Adjusted EBITDA (1,124,951 ) (3,145,868 ) Net income / (loss) attributable to: Shareholders of the Company (1,124,951 ) (3,112,862 ) Non-controlling interests - (33,007 ) Year Ended December 31, F&H 2020 2019 Revenues from freights & hires $ 4,735,263 $ 541,500 Total Revenues 4,735,263 541,500 Segment Adjusted EBITDA (1,368,255 ) 361,187 Net income / (loss) attributable to: Shareholders of the Company (1,368,255 ) 362,347 Non-controlling interests - (1,159 )
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Year Ended December 31, Disaggregation of Revenues 2020 2019 Revenues from commodities sales $ 3,095,506 $ 15,399,090 Revenues from freights & hires 4,735,263 541,500 Other Revenues 797,732 20,630 Total Revenues 8,628,501 15,961,220
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Year Ended December 31, Receivables 2020 2019 Receivables from commodities and hires sales $ 2,088,700 $ 2,085,838 Less: Provision for doubtful accounts - (130,550 ) Sales receivables, net 2,088,700 1,955,288 Other receivables 48,090 56,142 Accounts receivable, net $ 2,136,790 $ 2,011,430
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Year Ended December 31, Accounts payable and Accrued Expenses 2020 2019 Service providers $ 69,953 $ 439,448 Wages and Bonuses 1,269,735 874,470 Oil Suppliers - 38,307 Vendors and Suppliers 661,033 49,973 Totals $ 2,000,721 $ 1,402,198

Note 10 - Prepaid Expenses an_2

Note 10 - Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Year Ended December 31, Prepaid expenses and other current assets 2020 2019 Salt-pond oil field and oil rig Platform “AGK-1” Petrogress Africa Ltd. $ - $ 460,000 Oil Suppliers, Vendors & Various Petrogress Africa Ltd. - 277,621 Salt-pond oil field and oil rig Platform “AGK-1” Petrogress Int'l LLC. 460,000 - Oil Suppliers, Vendors & Various Petrogress Int'l LLC. 857,623 2,318,986 Service Providers Petrogress, Inc. 21,852 17,940 Service Providers Petrogres (Hellas) Co. 49,613 19 Others Petronav Carriers LLC. 39,319 68,655 Totals $ 1,428,407 $ 3,143,221

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2020 2019 Income tax / (expense) benefit at statutory federal rates $ $ 9,487 Permanent differences - - Increase / (decrease) in valuation allowance (9,487 ) Income tax expense / (benefit) at Company s effective tax rate $ $ -

Note 13 - Properties, Vessels_2

Note 13 - Properties, Vessels and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]	Tanker Vessels & service boats (in years) 10 - years Fenders & oil hoses (in years) 10 - years Vehicles & trucks (in years) 10 - years Office equipment and furniture (in years) 10 - years Computer hardware (in years) 5 - years
Property, Plant and Equipment [Table Text Block]	December 31, 2020 December 31, 2019 Estimated useful Life left (years) Vessels purchased cost $ 10,888,423 $ 10,888,423 3 Furniture and equipment 387,150 182,764 5 Accumulated depreciation (7,445,859 ) (6,821,424 ) Vessels and other fixed assets, net $ 3,829,714 $ 4,249,763
Schedule of Inventory, Current [Table Text Block]	Commodities and Petroproducts Inventories December 31, 2020 December 31, 2019 Crude Oil $ 570,000 $ - Gas Oil - 1,039,020 Lubricants 68,661 59,479 Vessels Inventories & Others Bunkers R.O.B. (unconsumed fuels on board) 253,936 108,113 Lubricants, provisions and spare-parts 10,439 68,473 Total $ 903,036 $ 1,275,085

Note 16 - Loan Facility From _2

Note 16 - Loan Facility From Related Party (Tables)	12 Months Ended
	Dec. 31, 2020
Chief Executive Officer [Member]
Notes Tables
Activity on Line of Credit Note [Table Text Block]	Balance December 31, 2018 297,400 New amounts lent to the Company by Christos Traios 126,500 Amount converted to common shares February 23, 2018 (275,000 ) Balance December 31, 2019 148,900 Capitalized interest for 2020 20,507 Balance December 31, 2020 $ 169,407

Note 18 - Wages Due to Relate_2

Note 18 - Wages Due to Related Party from the Company and its Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2020
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	December 31, 2020 Petrogress, Inc. $ 430,000 Petrogress Int'l LLC. 574,717 Petronav Carriers LLC. 198,000 Petrogres (Hellas) Co. 52,671 Total outstanding wages to Christos Traios as at December 31, 2020 $ 1,255,388

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies - Percentages Participation in Subsidiaries (Details)	Dec. 31, 2020
Petrogress Int’l LLC. (Delaware) [Member]
Ownership Interest	100.00%
Petronav Carriers LLC [Member]
Ownership Interest	100.00%

Note 3 - Lease Commitments (Det

Note 3 - Lease Commitments (Details Textual)	Dec. 31, 2020
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	2 years
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	15 years

Note 3 - Lease Commitments - Le

Note 3 - Lease Commitments - Lease Arrangements and Liabilities (Details)	Dec. 31, 2020USD ($)
Lease amount	$ 608,000
Piraeus (Greece) Office [Member]
Lease period (Month)	2 years
Lease amount	$ 68,000
Gas Station, EOS Areopolis [Member]
Lease period (Month)	15 years
Lease amount	$ 180,000
Gas Station, PGAS Areopolis [Member]
Lease period (Month)	15 years
Lease amount	$ 360,000

Note 4 - Summarized Financial_3

Note 4 - Summarized Financial Data - Petrogress Inc. - Condensed Financial Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total cost and other deductions	$ (5,083,522)	$ (13,431,020)
Net income / (loss) attributable to Shareholders	(3,085,016)	(2,984,681)
Petrogress Int'l LLC [Member]
Sales and other operating revenues	8,628,501	15,961,220
Total cost and other deductions	(11,713,517)	(18,945,901)
Net income / (loss) attributable to Shareholders	$ (3,085,016)	$ (2,950,515)

Note 5 - Fair Value Measureme_3

Note 5 - Fair Value Measurements - Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Derivatives Fair value	$ 0	$ 809,877
Fair Value, Recurring [Member]
Derivatives Fair value		809,877
Total Liabilities		809,877
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Derivatives Fair value
Total Liabilities
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Derivatives Fair value
Total Liabilities
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Derivatives Fair value		809,877
Total Liabilities		$ 809,877

Note 6 - Financial and Deriva_2

Note 6 - Financial and Derivative Instruments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative Expense	$ 174,292	$ 166,197
Derivative, Gain (Loss) on Derivative, Net, Total	740,368	(294,083)
Derivative Liability, Total	$ 0	$ 809,877

Note 8 - Earnings (Loss) Per _3

Note 8 - Earnings (Loss) Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Weighted Average Number of Shares Outstanding, Basic, Total (in shares)	15,109,587	3,953,461
Weighted Average Number of Shares Outstanding, Diluted, Total (in shares)	0	0

Note 8 - Earnings (Loss) Per _4

Note 8 - Earnings (Loss) Per Share - Calculation of Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net income attributable to common shareholders	$ (3,085,016)	$ (2,950,515)
Denominator for basic net income per share – weighted average shares (in shares)	15,109,587	3,953,461
Conversion of accrued interest on debt held by related party (in shares)
Denominator for diluted net income per share (in shares)	0	0
Basic net earnings per share (in dollars per share)	$ (0.20)	$ (0.75)
Diluted net earnings per share (in dollars per share)

Note 9 - Operating Segments &_3

Note 9 - Operating Segments & Geographic Presence (Details Textual)	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Number of Operating Segments	3
Number of Reportable Segments	2
Accounts Receivable, Credit Loss Expense (Reversal)	$ 0	$ 130,550
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 75,694	$ 0

Note 9 - Operating Segments &_4

Note 9 - Operating Segments & Geographic Presence - Revenue Recognized (Details) - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Revenue before Eliminations	[1]	$ 8,741,001	$ 17,379,737
Crude Oil Sales [Member]
Revenue before Eliminations	[1]	1,575,490	13,983,090
Gas Oil Sales [Member]
Revenue before Eliminations	[1]	1,318,000	2,136,000
Lubricants [Member]
Revenue before Eliminations	[1]	202,016	90,834
Freights and Hires [Member]
Revenue before Eliminations	[1]	4,735,263	989,313
Product and Service, Other [Member]
Revenue before Eliminations	[1]	910,232	180,500
Subsidiaries [Member]
Revenue before Eliminations	[2]	8,741,001	17,379,737
Subsidiaries [Member] | Non-US [Member] | Petrogress Int'l LLC [Member]
Revenue before Eliminations	[2]	3,095,506	15,344,924
Subsidiaries [Member] | Non-US [Member] | Petronav Carriers LLC [Member]
Revenue before Eliminations	[2]	5,495,878	989,319
Subsidiaries [Member] | GHANA | Petrogress Africa Co. Ltd. [Member]
Revenue before Eliminations	[2]		936,000
Subsidiaries [Member] | GHANA | Petrogres (Hellas) Co [Member]
Revenue before Eliminations	[2]	$ 149,617	$ 109,500
[1]	Amounts of products transferred before intercompany eliminations
[2]	Amounts of products transferred before intercompany eliminations

Note 9 - Operating Segments &_5

Note 9 - Operating Segments & Geographic Presence - Revenues and Other Income, Capital Expenditures in Unconsolidated Affiliates (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other revenues	$ 797,732	$ 20,630
Total Revenues	8,628,501	15,961,220
Shareholders of the Company	(3,085,016)	(2,950,515)
Non-controlling interests		(34,166)
Commodities & Other [Member]
Revenues	3,095,506	15,399,090
Other revenues	797,732	20,630
Total Revenues	3,893,238	15,419,720
Segment Adjusted EBITDA	(1,124,951)	(3,145,868)
Shareholders of the Company	(1,124,951)	(3,112,862)
Non-controlling interests		(33,007)
Freights & Hires [Member]
Revenues	4,735,263	541,500
Total Revenues	4,735,263	541,500
Segment Adjusted EBITDA	(1,368,255)	361,187
Shareholders of the Company	(1,368,255)	362,347
Non-controlling interests		$ (1,159)

Note 9 - Operating Segments &_6

Note 9 - Operating Segments & Geographic Presence - Disaggregation of Revenues (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other revenues	$ 797,732	$ 20,630
Total Revenues	8,628,501	15,961,220
Commodities & Other [Member]
Revenues	3,095,506	15,399,090
Other revenues	797,732	20,630
Total Revenues	3,893,238	15,419,720
Freights & Hires [Member]
Revenues	4,735,263	541,500
Total Revenues	$ 4,735,263	$ 541,500

Note 9 - Operating Segments &_7

Note 9 - Operating Segments & Geographic Presence - Accounts Receivable (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, after Allowance for Credit Loss, Current, Total	$ 2,136,790	$ 2,011,430
Other receivables	48,090	56,142
Trade Accounts Receivable [Member]
Receivables from commodities and hires sales	2,088,700	2,085,838
Less: Provision for doubtful accounts		(130,550)
Accounts Receivable, after Allowance for Credit Loss, Current, Total	$ 2,088,700	$ 1,955,288

Note 9 - Operating Segments &_8

Note 9 - Operating Segments & Geographic Presence - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Service providers	$ 69,953	$ 439,448
Wages and Bonuses	1,269,735	874,470
Oil Suppliers		38,307
Vendors and Suppliers	661,033	49,973
Totals	$ 2,000,721	$ 1,402,198

Note 10 - Prepaid Expenses an_3

Note 10 - Prepaid Expenses and Other Current Assets (Details Textual)	Dec. 31, 2020USD ($)
Prepaid Supplies	$ 1,317,623

Note 10 - Prepaid Expenses an_4

Note 10 - Prepaid Expenses and Other Current Assets - Components of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Oil Suppliers, Vendors & Various	$ 1,317,623
Totals	1,428,407	$ 3,143,221
Subsidiaries [Member] | Petrogress Africa Co. Ltd. [Member]
Salt-pond oil field and oil rig Platform “AGK-1”		460,000
Oil Suppliers, Vendors & Various		277,621
Subsidiaries [Member] | Petrogress Int’l LLC. (Delaware) [Member]
Salt-pond oil field and oil rig Platform “AGK-1”	460,000
Subsidiaries [Member] | Petrogress Int'l LLC [Member]
Oil Suppliers, Vendors & Various	857,623	2,318,986
Subsidiaries [Member] | Petrogres (Hellas) Co [Member]
Service Providers	49,613	19
Subsidiaries [Member] | Petronav Carriers LLC [Member]
Others	39,319	68,655
Parent Company [Member]
Service Providers	$ 21,852	$ 17,940

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards, Total	$ 3,014,668
Foreign Tax Authority [Member] | Hellenic Ministry of the Treasury [Member]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	24.00%
Domestic Tax Authority [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income tax / (expense) benefit at statutory federal rates		$ 9,487
Permanent differences
Increase / (decrease) in valuation allowance		(9,487)
Income tax expense / (benefit) at Company’s effective tax rate

Note 13 - Properties, Vessels_3

Note 13 - Properties, Vessels and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment, Useful Life (Year)	10 years
Depreciation, Total	$ 624,435	$ 914,748
Vessels [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years

Note 13 - Properties, Vessels_4

Note 13 - Properties, Vessels and Equipment - Useful Lives of Vessels and Equipment (Details)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment, Useful Life (Year)	10 years
Vehicles & Trucks [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Office Equipment and Furniture [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years

Note 13 - Properties, Vessels_5

Note 13 - Properties, Vessels and Equipment - Vessels and Other Fixed Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property and equipment, gross	$ 10,888,423	$ 10,888,423
Property, Plant and Equipment, Useful Life (Year)	10 years
Accumulated depreciation	$ (7,445,859)	(6,821,424)
Net property and equipment	3,829,714	4,249,763
Office Equipment and Furniture [Member]
Property and equipment, gross	$ 387,150	$ 182,764
Property, Plant and Equipment, Useful Life (Year)	10 years
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Minimum [Member] | Office Equipment and Furniture [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years

Note 13 - Properties, Vessels_6

Note 13 - Properties, Vessels and Equipment - Inventories (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Total Inventories	$ 903,036	$ 1,206,612
Bunkers R.O.B. (unconsumed fuels on board)	253,936	108,113
Lubricants, provisions and spare-parts	10,439	68,473
Total	903,036	1,275,085
Crude Oil [Member]
Total Inventories	570,000
Oil and Gas [Member]
Total Inventories		1,039,020
Lubricants [Member]
Total Inventories	$ 68,661	$ 59,479

Note 14 - Shareholders Equity_2

Note 14 - Shareholders Equity, Stock Options and Other Compensations (Details Textual) - USD ($)	Aug. 17, 2020	Jul. 15, 2020	Jul. 02, 2020	Mar. 12, 2020	Dec. 31, 2020	Nov. 30, 2020	Oct. 31, 2020	Sep. 30, 2020	Aug. 31, 2020	Jul. 31, 2020	Jun. 30, 2020	May 31, 2020	Apr. 30, 2020	Mar. 31, 2020	Jan. 31, 2020	Jul. 18, 2018	Jul. 17, 2018
Stock Issued During Period, Shares, New Issues (in shares)	150,000				4,001,696	1,456,665	3,967,604	1,948,800	7,372,973	8,189,008	2,131,861	463,500	440,000	170,000	180,556
Preferred Stock, Shares Authorized (in shares)																1,000,000	10,000,000
Christos P. Traios [Member]
Stock Issued During Period, Shares, New Issues (in shares)		230,000
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 36,500	$ 3,500
Director [Member]
Stock Issued During Period, Shares, Issued for Services (in shares)			750	1,000

Note 15 - Unregistered Sales _2

Note 15 - Unregistered Sales of Equity Securities and Use of Proceeds (Details Textual) - Convertible Notes Payable [Member]	Nov. 20, 2020USD ($)
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Face Amount	$ 165,000
Debt Instrument, Original Issue Discount	$ 15,000
Debt Instrument, Convertible, Discount Percent on Equity	25.00%

Note 16 - Loan Facility From _3

Note 16 - Loan Facility From Related Party (Details Textual) - Revolving Credit Facility [Member] - Principal Stockholder and Sole Officer/Director [Member]	Jul. 13, 2017USD ($)$ / shares
Line of Credit Facility, Maximum Borrowing Capacity | $	$ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares	$ 0.001

Note 16 - Loan Facility From _4

Note 16 - Loan Facility From Related Party - Activity on LOC Note (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance	$ 148,900	$ 297,400
New amounts lent to the Company by Christos Traios		126,500
Amount converted to common shares February 23, 2018		(275,000)
Capitalized interest for 2020	20,507
Balance	$ 169,407	$ 148,900

Note 17 - Related Party Capit_2

Note 17 - Related Party Capital Transactions (Details Textual) - Christos P. Traios [Member]	12 Months Ended
	Dec. 31, 2019USD ($)
Purchase of Vessel [Member]
Proceeds from Related Party Advances	$ 311,300
Expenses Paid in Relation to the Condition Surveys and Port Dues [Member]
Proceeds from Related Party Advances	$ 30,150

Note 18 - Wages Due to Relate_3

Note 18 - Wages Due to Related Party from the Company and its Subsidiaries - Schedule of Wages Due (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Wages Due	$ 695,321	$ 1,271,450
Christos P. Traios, President, Chief Executive Officer and Director of the Company [Member]
Wages Due	1,255,388
Christos P. Traios, President, Chief Executive Officer and Director of the Company [Member] | Parent Company [Member]
Wages Due	430,000
Christos P. Traios, President, Chief Executive Officer and Director of the Company [Member] | Subsidiaries [Member] | Petrogress Int'l LLC [Member]
Wages Due	574,717
Christos P. Traios, President, Chief Executive Officer and Director of the Company [Member] | Subsidiaries [Member] | Petronav Carriers LLC [Member]
Wages Due	198,000
Christos P. Traios, President, Chief Executive Officer and Director of the Company [Member] | Subsidiaries [Member] | Petrogress (Hellas) Branch [Member]
Wages Due	$ 52,671

Note 20 - Revenues (Details Tex

Note 20 - Revenues (Details Textual) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, after Allowance for Credit Loss, Current, Total	$ 2,136,790	$ 2,011,430

Note 21 - Claims Receivable (De

Note 21 - Claims Receivable (Details Textual) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Claims Receivable, Net, Current	$ 565,023	$ 478,500